Very good condition. The sheet has been laid down to a thin card which is affixed to a board. The medium consists of gouache, watercolor and pastel, and there are traces of water stains from the artist's application of the the water-based media. The artist's tacking holes are visible in all four corners; the top two corners evidence some slight fraying. There are some tiny losses and abrasion to the medium around the extreme periphery, but this is not at all disturbing to the composition. The colors and bright and the medium is intact and appears to be in very good condition. In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective qualified opinion. NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING CONDITION OF A LOT, ALL LOTS ARE OFFERED AND SOLD "AS IS" IN ACCORDANCE WITH THE CONDITIONS OF SALE PRINTED IN THE CATALOGUE.